TechTarget (TTGT) to Release Earnings on Thursday

TechTarget (NASDAQ:TTGT) is expected to post its results after the market closes on Thursday, February 5th. Analysts expect TechTarget to post earnings of $0.35 per share and revenue of $140.9080 million for the quarter.

TechTarget Stock Up 0.4%

Shares of NASDAQ TTGT opened at $5.26 on Tuesday. The stock has a fifty day moving average price of $5.33 and a 200 day moving average price of $5.78. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.20. TechTarget has a 12-month low of $4.63 and a 12-month high of $18.69. The company has a market cap of $379.56 million, a P/E ratio of -3.04 and a beta of 0.93.

Hedge Funds Weigh In On TechTarget

Large investors have recently modified their holdings of the stock. Geode Capital Management LLC increased its holdings in TechTarget by 0.7% in the second quarter. Geode Capital Management LLC now owns 688,593 shares of the information services provider’s stock valued at $5,351,000 after buying an additional 4,953 shares during the last quarter. Rhumbline Advisers lifted its stake in TechTarget by 8.0% in the second quarter. Rhumbline Advisers now owns 81,924 shares of the information services provider’s stock valued at $637,000 after buying an additional 6,077 shares during the last quarter. Quantbot Technologies LP bought a new stake in TechTarget in the 2nd quarter valued at about $209,000. Invesco Ltd. lifted its position in TechTarget by 52.9% in the 2nd quarter. Invesco Ltd. now owns 67,055 shares of the information services provider’s stock valued at $521,000 after purchasing an additional 23,200 shares during the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new position in TechTarget during the 2nd quarter valued at about $81,000. Institutional investors own 93.52% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on TTGT shares. Needham & Company LLC reiterated a “buy” rating and set a $15.00 target price on shares of TechTarget in a report on Tuesday, November 11th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TechTarget in a research report on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, TechTarget has a consensus rating of “Hold” and an average target price of $11.25.

TechTarget Company Profile

TechTarget, Inc operates as a specialized media and information services company focused on the technology sector. Through a network of over 140 online channels and dedicated sites covering a wide range of IT topics—from cloud computing and cybersecurity to data analytics and storage—the company delivers targeted content, research, and insights to enterprise technology buyers. TechTarget’s offerings enable technology vendors and service providers to engage with qualified audiences at every stage of the purchasing cycle.

The company’s core products include purchase intent data solutions and lead-generation platforms designed to identify and nurture prospects actively researching technology solutions.